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Fri, 05 Nov 2021
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Gold Coins

Gold-backed ruble, yuan to trigger global flight from U.S. dollar

gold backed ruble yuan
© Sputnik/ Pavel Lisitsyn
A gold-backed ruble and gold-backed yuan could start a 'snowball exit' from dollar F. William Engdahl notes, adding that it will diminish America's ability to use the reserve dollar role to finance Washington's perpetual overseas wars. The irony of the situation is that the central banks of China, Russia, Brazil and other countries "diametrically opposed" to US foreign policy course are forced to stockpile dollars in the form of "safe" US Treasury debt in order to protect their economies, American-German researcher, historian and strategic risk consultant F. William Engdahl stresses.

The truth of the matter is that the role of the US dollar as the world's major reserve currency is the countries' economic Achilles Heel, the strategic risk consultant elaborates.

At the same time, by buying US Treasury debt in dollars, they are de facto financing Washington's "endless" overseas military operations.

Fortunately, "[t]hat's quietly changing. In 2014 Russia and China signed two mammoth 30-year contracts for Russian gas to China. The contracts specified that the exchange would be done in Renminbi [yuan] and Russian rubles, not in dollars. That was the beginning of an accelerating process of de-dollarization that is underway today," Engdahl writes in his article for New Eastern Outlook.

Comment: The backers of the multi-polar world are quietly undercutting the Empire's support system without firing a shot.


Bug

ISIS the next generation: Meet the new CIA-funded group paid to terrorize innocent Afghanis

CIA SS
As if ISIS wasn't bad enough, the CIA has been paying, arming and training a groups of murderers who've been terrorizing and murdering innocent Afghanis.

While American bureaucrats claim that heavy interventions in the Middle East are somehow beneficial for the increasingly volatile region, the US military continues its decades-old tradition of creating more terrorists than it kills.

In the 1980s the CIA armed and trained mujahideen fighters in Afghanistan during America's cold war with Russia, and these Islamic militants went on to become al-Qaida, the premier terror threat to the US.

Several years ago, the Pentagon began supporting opposition forces in Syria, including a group known as the Salafists, to further the US goal of taking out the Assad government. The Pentagon expressed its desire for Islamic militants to establish a "declared or undeclared Salafist principality in eastern Syria." These violent fundamentalists morphed into ISIS, the current terror group spreading death and fear in the region and now across the world.

Comment: And this is the sickening tragedy of it all: If many Middle Easterners didn't hate and want to kill Americans before, they certainly do now.


Monkey Wrench

Too late for apologies: Russia halts Turk Stream gas pipeline

pipeline
Is Erdogan sorry yet?

"Turkish Stream," the ambitious project to deliver Russian natural gas to Turkey via the Black Sea, and then further to Southern Europe, has been halted, according to Russia's Energy Minister.

This is a huge blow, both for Turkey and for Russia. But apparently Moscow wants to send a clear message to anyone who shoots down its planes for no reason:
Moscow has suspended the Turkish Stream gas pipeline project in response to Turkey shooting down a Russian jet in Syria, according to Russian Energy Minister Aleksandr Novak.

"The negotiations on Turkish Stream have been suspended," said Novak. The pipeline was discussed in the framework of the Russian-Turkish Intergovernmental Commission on Trade and Economic Cooperation, which has been suspended, he added.
However, the project hasn't been completely canceled:
"We are still hoping that Turkish Stream will be pushed back by a few years, rather than completely cancelled," a second source said.
It really is a pity that it's come to this. Russia's energy deals with Europe continue to be sabotaged. Who benefits?

Bomb

Iraqi President calls on Turkey to immediately end its occupation of Northern Iraq

Iraqi President Fuad Masum
© Flickr/ Diyar se
Iraqi President Fuad Masum has called on the Turkish authorities to withdraw troops from his country in order to avoid the deterioration of bilateral relations, a presidential statement obtained by Sputnik said Saturday.

On Friday, various media reports said that about 130 Turkish military personnel had been deployed to the Mosul area in Iraq allegedly to provide training to Kurdish Peshmerga militia fighting against the Islamic State jihadist group (ISIL, or Daesh in the Arab world).

Masum called the Turkish initiative a "violation of international norms, laws and Iraq's national sovereignty."

Comment: Terror regime Turkey invades Iraq, occupies ISIS oil smuggling zone


Nuke

Former Defense Secretary William Perry: US is pushing towards Nuclear Apocalypse

Nuclear war
© East News/ USA/Science Photo Library
The United States is on the brink of a new nuclear arms race that will elevate the risk of nuclear apocalypse to Cold War levels, former Secretary of Defense William Perry warned on Thursday.

Perry, who from 1994 to 1997 served as Pentagon chief under President Bill Clinton, delivered his remarks at an event hosted by the Defense Writers Group

"We're now at the precipice, maybe I should say the brink, of a new nuclear arms race," he said. "This arms race will be at least as expensive as the arms race we had during the Cold War, which is a lot of money."

Light Sabers

Terror regime Turkey invades Iraq, occupies ISIS oil smuggling zone

iraq
While suffering huge financial losses due to continuous strikes carried out by Russia's warplanes against the supply lines of ISIL in Syria, that have been extensively used for oil smuggling, Tayyip Erdogan has decided to take under his personal control ISIL held oil fields in Iraq, taking advantage of the fact that Russia has not been fighting the Islamic State in this Arab country yet. To pursuit this goal Turkish president sent its armed forces to northern Iraq to occupy the area of Ba'shiqah near the city of Mosul, which has been controlled by the terrorists of the Islamic State. As it has been reported by CNN Turk, Turkish armed forces deployed around 25 tanks in that area. The indisputable aim of Erdogan's actions is an attempt to protect these oil fields in Iraq, that provide ISIL with a source of income, taking advantage of his position of the TAF's commander-in-chief.

Allegedly, Ankara is going to build a training camp for Iraqi Kurdish militia - Peshmerga or at least it says so to justify an act of armed aggression, however, according to Reuters, this area is still in the hands of ISIL terrorists.

Baghdad's official response to this act of war was a pretty harsh one. According to the Iraqi Ministry of Foreign Affairs, Turkish military "entered the Iraqi territory without the request or authorization from the Iraqi federal authorities and this is considered a serious breach of Iraqi sovereignty and does not conform with The Iraqi authorities call on Turkey to respect good neighbourly relations and to withdraw immediately from the Iraqi territory."

Comment: If there were ever a country more deserving of U.S.-style regime change... Well, if we're dreaming we could add Saudi Arabia, Israel and the U.S. to that list!


Bad Guys

South Front: Escalation in Syria leads to a global war

south front
Foreign Policy Diary - Escalation in Syria leads to a global war


Radar

German intelligence cautious of Turkey's 'double game'

German Tornado jet
© REUTERS/ Fabian Bimmer
Germany is planning to provide Turkey with intelligence data on Syria and Iraq only to a limited extent, despite the fact that both countries are NATO allies, Der Spiegel reported.

On Friday, the German Bundestag approved the deployment of Bundeswehr forces in Syria to fight against Daesh terrorists. The mission is expected to last until December 31, 2016.

Comment: So much for the unified US coalition against Islamic State. No one trusts the other.


Attention

US official admits Islamic State oil sold to Turkey but volume 'insignificant'

Oil tanks destroyed
© Stringer / Reuters
In response to Moscow accusations that Turkey is involved in oil trade with the Islamic State (IS, formerly ISIS/ISIL) terrorist group, US officials claimed that the volume of oil smuggled from IS-controlled territories is too insignificant to interest government officials.

At the same time, the US confirmed that oil trade between Islamic State and some buyers on Turkish territory does exist, as its officials admitted that small amounts of oil could, in fact, be crossing the Turkish-Syrian border in tanker trucks, though they claimed the volume is "of no significance."

Comment: The US can't deny the facts but are playing it down as nothing to be concerned about. Wait until more revelations are made by Russia soon.


Attention

US unwilling to acknowledge Turkey-ISIS oil trade 'smacks of direct patronage' - Russian top brass

Russian top military officials speak to the media in front of an aerial images they say are oil trucks near Turkey's border with Syria
© AP
Russian top military officials speak to the media in front of an aerial images they say are oil trucks near Turkey's border with Syria
Russia's Defense Ministry has slammed Washington's reaction to the outing of the secret oil trade between Turkey and Islamic State terrorists, calling it a "theatre of the absurd" and saying it looks rather like "direct patronage."

"Finally, our colleagues from the State Department and the Pentagon have confirmed that the photo-proof, which we presented at a briefing [on December 2], of the origin and destination of the stolen oil, coming from the areas controlled by the terrorists, is authentic," Major General Igor Konashenkov, a Defense Ministry spokesman, told a media briefing on Saturday.

"However, the US claim that they 'don't see the border crossings with tanker trucks crossing the border,' raises a smile, if only, because the photos are still images," he added.

The spokesman advised the American side to have a look through the videos, which were also presented by the Russian Defense Ministry, showing "how the tanker trucks not only drive through checkpoints at the Turkish border, but pass through them without even stopping."